Published: April 16, 2024 |

[Click image to enlarge]

Cenovus Energy said it will make a $1.5 billion investment in its Ohio refineries, both in Lima and Oregon.

According to a press release, the company also plans to add 115 new jobs to its office in Dublin.

“The recent announcement by Cenovus of significant investment in North America and Northwestern Ohio is great news for the greater Lima region and for the refinery in Lima,” said Allen Economic Development Group President and CEO Dave Stratton.

“This investment highlights their commitment to the Lima facility. The collaborative partnership of our state, regional and local economic development organizations tirelessly supports business growth in Lima/Allen County. Cenovus is a significant job employer and has become a tremendous, supportive community stakeholder,” added Stratton.

Doreen Cole, Cenovus’s executive vice president, downstream, also said in the release Ohio provides a “vital strategic location” that aided in the company’s decision to expand.

“The Lima Refinery continues to be a key asset for Cenovus, and these investments include funding for training and modernizing equipment at the facility,” said Dean Hempfling, Cenovus’s Lima Refinery general manager.

“As our presence in Ohio increases, Cenovus remains committed to Lima as a responsible operator, lead employer and community partner,” added Hempfling.

Source: LimaOhio.com

Cenovus Energy is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining, and marketing operations in Canada and the United States. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans.

Be in-the-know when you’re on-the-go!